DR Congo Economic Forecast

DR Congo Economic Outlook

November 14, 2017

The economy seems to be gaining traction this year. Output in the mining sector has increased as prices for key commodities have been on an upward trajectory throughout the year. In the January-to-September period, cobalt production increased 18.7%; copper and gold output also rose substantially, albeit at a slower pace. Although export earnings are set to increase, GDP growth will remain subdued and economic conditions challenging, as inflation remains at multi-year highs. The Central Bank warned that if the government decides to ease ongoing austerity measures and loosen monetary conditions, this could cause the Congolese franc to depreciate further, leading inflation to shoot up and increasing economic hardships in the population as a result.

DR Congo Economic Growth

November 14, 2017

The economy is expected to recover modestly on higher prices for commodities, although growth is projected to remain below the rates observed during the commodities super cycle. FocusEconomics panelists forecast growth of 3.0% in 2018, which is down 0.4 percentage points from last month’s forecast. For 2019, growth to reach 4.2%.

DR Congo Economy Data

20122013201420152016
Population (million)74.777.079.381.784.1
GDP per capita (USD)392424453464446
GDP (USD bn)29.332.735.937.937.6
Economic Growth (GDP, annual variation in %)8.08.59.56.92.4
Fiscal Balance (% of GDP)1.84.01.3-0.1-0.8
Public Debt (% of GDP)23.219.116.818.821.5
Inflation Rate (CPI, annual variation in %)9.31.21.31.35.9
Exchange Rate (vs USD)929.0930.3911.0917.01,165
Policy Interest Rate (%)4.002.002.002.007.00
Exchange Rate (vs USD, aop)924.7922.1922.2918.3963.5
Current Account (% of GDP)-4.3-9.5-8.5-4.1-  
Current Account Balance (USD bn)-1.3-3.1-3.0-1.6-  
Trade Balance (USD billion)0.10.8-0.4-0.3-  
Exports (USD billion)8.711.612.310.3-  
Imports (USD billion)8.710.812.710.6-  
Exports (annual variation in %)-7.732.86.1-16.5-  
Imports (annual variation in %)-2.724.617.6-16.8-  
International Reserves (USD)1.61.71.61.2-  
External Debt (% of GDP)19.218.915.414.3-  

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DR Congo Facts

ValueChangeDate
Exchange Rate1,570-0.78 %Dec 06
Stock Market0.20.0 %Dec 06

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